XRP Corrections Could Make ETF Approval Risks Whilst Most Investors Keep Buying Unknown Panshibi (SHIBI): Now Predicted To 40x
XRP price has experienced a 3.4% decrease, resulting in a current value of $2.64 in the last 24 hours. The price of Ripple experienced a 9% increase during the recent week after declining 3.4% throughout the last 24 hours. The anticipation regarding the Ripple ETF, alongside the SEC’s assessment of Grayscale’s ETF proposal, maintains investor attraction.
Technical indicators show bullish momentum. Analysts using MACD and SMA indicators indicate positive price movement because the principal resistance is $3.50, while support rests at $2.00. XRP has the potential to surpass $3.00 when buying pressure remains active. However, if sentiment weakens, a pullback to $2.50 is possible.
The SEC’s acknowledgment of Grayscale’s Ripple ETF filing has further boosted confidence. Polymarket approval odds have risen to 81% and analysts expect a decision within 240 days. Bloomberg’s James Seyffart believes approval could depend on the outcome of Ripple’s ongoing lawsuit with the SEC.
Whale accumulation and rising liquidity continue to support XRP’s rally. Beyond price action, Ripple’s integration into the IBC network expands its reach in decentralized finance. The , developed with Peersyst and Evmos, allows cross-chain transactions between Cosmos and Ethereum-compatible networks. This increases liquidity and broadens Ripple’s use cases.
